Question

A country with a ________ economy generally has a high standard of living. developing developed emerging transitioning

Answer 1

Answer:

A country with a developed economy generally has a high standard of living. developing developed emerging transitioning

Explanation:

A developed economy is typically characteristic of a developed country with a relatively high level of economic growth and security.

Answer 2

A country with a B. developed economy generally has a high standard of living.

What is a developed economy?

A developed economy is an economy that has witnessed the following performance indices:

• Sustained economic growth and wealth creation
• Security of life and property with necessary comforts
• High per capita income
• Advanced technological infrastructure.

Thus, a country that has enjoyed a high standard of living is not a developing, emerging, or transitioning economy, but it is a developed economy.

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